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Today’s jobs report featured the fastest pace of wage growth we’ve seen so far in the recovery period, 2.8% year over year. Combine this with three other elements of the last week… First – Luke Kawa points out the explosion in buying and new unit creation for the largest TIPS (Treasury Inflation Protected Securities) ETF: Cumulative weekly…

Local police, working closely with Federal pension fund authorities…

Looking at “soft skills” pays off for the Cubs

I walk around Manhattan with a twenty pound bag on my bag most days…

I’d rather we weren’t looking at a President Trump but I’m betting we will be.

I’m reading this fascinating piece at Spiegel about the fall of Deutsche Bank and I really liked this passage about how modern finance became what it is today. What makes the below particularly interesting is that today’s elections and referendums can essentially be boiled down to a repudiation of this world, now that its consequences…

Some of the swings we’re seeing are absolutely bananas

The Financial Times today: The assets of the world’s largest 500 fund managers have fallen for the first time in five years as investment houses continue to grapple with outflows from some of their biggest clients. Total assets fell by $1.4tn to $76.7tn — the first decline in funds under management since 2011, with European…